The market was called to open higher with traders adjusting positions ahead of next week’s Planting Intentions report. The CBOT opened mostly in-line with expectations but quickly turned mixed with profit taking in soymeal creating two-sided trade in soyoil. Spread trading was light and worked to move spread mostly in-line with last week’s closes in corn, soybeans, and HRW futures while the SRW wheat forward curve flattened and generally worked lower. Today’s trade featured funds selling 4,500 contracts of corn and 1,000-1,200 contracts of soybeans while remaining net wheat buyers, securing 4,000 contracts of Chicago wheat. Trading volume was light as fundamental news remains lacking ahead of the Planting Intentions report...
From WPI Consulting
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.